J.W. Cole Advisors Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 18.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,028 shares of the semiconductor company’s stock after acquiring an additional 3,898 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Texas Instruments were worth $5,196,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying an additional 4,218 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Texas Instruments by 110.5% during the first quarter. Fiera Capital Corp now owns 49,071 shares of the semiconductor company’s stock valued at $8,818,000 after purchasing an additional 25,760 shares during the period. Meeder Advisory Services Inc. boosted its position in shares of Texas Instruments by 10.6% during the 1st quarter. Meeder Advisory Services Inc. now owns 13,426 shares of the semiconductor company’s stock worth $2,413,000 after purchasing an additional 1,289 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at about $42,000. Finally, Federated Hermes Inc. increased its position in Texas Instruments by 32.3% in the 1st quarter. Federated Hermes Inc. now owns 26,026 shares of the semiconductor company’s stock valued at $4,677,000 after buying an additional 6,359 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Up 2.2%
TXN stock opened at $165.35 on Thursday. The stock has a market cap of $150.24 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.05 and a beta of 1.02. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $170.48 and its two-hundred day simple moving average is $187.05. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were paid a $1.42 dividend. The ex-dividend date was Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a yield of 3.4%. Texas Instruments’s dividend payout ratio is presently 103.84%.
Analyst Ratings Changes
Several research analysts have issued reports on TXN shares. JPMorgan Chase & Co. cut their price target on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. The Goldman Sachs Group reduced their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Citigroup lowered their price objective on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. TD Cowen reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Finally, Benchmark restated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.67.
Get Our Latest Research Report on Texas Instruments
Insider Buying and Selling
In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the transaction, the vice president directly owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the sale, the director directly owned 14,937 shares of the company’s stock, valued at $2,424,723.21. This represents a 40.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by corporate insiders.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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